In today’s top news, Oscar Health raised $1.4 billion in its IPO, valuing it at $7.9 billion, and PayPal is in talks to acquire digital currency startup Curv. Plus, Instacart raised $265 million to double its valuation to $39 billion.
Alphabet-backed insurtech company Oscar Health, co-founded by Joshua Kushner, raised $1.4 billion in an initial public offering (IPO) on a $7.9 billion valuation. The company is planning a listing on the New York Stock Exchange (NYSE) under the ticker symbol OSCR.
After it started to let clients buy, sell and keep some cryptocurrencies in its wallet, PayPal has been looking to grow its digital currency services, and is now in discussions to buy cryptocurrency storage upstart Curv. But the discussions are in nascent stages and might not end up leading to a deal.
Delivery startup Instacart is now valued at $39 billion — double its previous valuation — after its latest fundraise of $265 million. Instacart said it will expand its corporate workforce by 50 percent in the first six months of this year.
No one knows just where Greensill may be headed — to a buyer’s embrace or insolvency. But the question must be asked: Is supply chain financing in trouble?
Consumers want touchless everything, including payments — but credit unions have a big payments gap to close with their members. In the Credit Union Innovation Playbook: Touchless Payments Edition, PYMNTS reveals the insights from a survey of 4,187 U.S. consumers that show more consumers want touchless payments options, like contactless cards, than are getting them from their credit unions.
Card-on-file payments can help hospitals solve cash flow problems by eliminating payment collection pains, says Markiyan Malko, vice president of revenue cycle management at healthcare technology provider Phreesia. In the Digitizing Healthcare Payments Report, Malko explains how COF payments stop overdue payments from becoming common occurrences.
Latin American (LATAM) eCommerce marketplace operator and payments platform MercadoLibre released stellar Q4 2020 financials this week, underscoring the sizzle and scale of online marketplaces now serving as the “digital front door” through which people in developed and developing regions are accessing desirable new digital-first experiences.